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News Breaks
January 9, 2013
19:14 EDTARPAtlas Resource Partners provides update on operations, hedging program
Atlas Resource Partners has provided an update on its operations and hedging program. Including the acquisitions completed in 2012 and its current drilling plans, ARP is forecasting FY13 net production in a range of 51 Bcfe to 56 Bcfe. The company has the following hedge positions for 2013: Natural gas: approximately 31 Bcf at an average price of $3.89/mcf; NGLs: approximately 165,000 bbl at an average price of $92.69/bbl; Crude oil: approximately 373,000 bbl at an average price of $92.30/bbl. The company anticipates 2013 CapEx of $175M. The company intends to raise at least $150M in investor funds in 2013 and to deploy $190M of investor funds in 2013. ARP expects FY13 limited partnership distributions of at least $2.35 per unit.
News For ARP From The Last 14 Days
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March 4, 2015
09:34 EDTARPAtlas Resource downgraded to Sector Perform from Outperform at RBC Capital
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March 2, 2015
07:22 EDTARPAtlas Resource Partners now sees FY15 cash distributions of $1.30 per unit
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07:20 EDTARPAtlas Resource Partners reports Q4 EPS ($7.06), may not compare to consensus 8c
Reports Q4 revenue $190.8M, consensus $283.64M. On a GAAP basis, net loss was $580.8M for Q4 compared with net income of $1.1M for Q3 and a net loss of $40.0M for the prior year comparable period. The net loss for Q4 was principally generated by non-cash expenses, specifically depreciation and amortization and an asset impairment charge on certain oil and gas properties due to recent declines in forward commodity prices. President Matthew Jones said, "Our business experienced yet another year of substantial growth and development. We believe that our diversified oil & gas asset base, cash flow from both our production and partnership management business, and the financial actions we have recently taken will allow us to add stability in the current environment."
February 23, 2015
08:35 EDTARPAtlas Energy subsidiary sees annualized cash distribution to be 70c-80c per unit
Atlas Energy Group, a wholly-owned subsidiary of Atlas Energy, announced that it currently expects annualized cash distributions to be 70c to 80c per common limited partner unit based on initial expectations of cash flow to its business. The current forecast includes, among other items, approximately $37.5M of cash distributions expected to be received from Atlas Resource Partners (ARP) from AEG's ownership of ARP's general partner and approximately 24.7M ARP limited partner units, and is based on ARP's current annualized distribution of $1.30 per unit.

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